Have the raft of regulatory proposals requiring greater use of central counterparty clearing houses enhanced risk transparency and risk management at the systemic level and within individual financial institutions? Read more

After months of delay, U.S. derivatives reform finally moved from back-burner status last week, when the Commodity Futures Trading Commission (CFTC) approved regulations aimed at forcing derivatives trading — and depending on the source, either a major culprit of or contributor to the financial crisis — out of the shadows. This means that many types of previously unregulated derivatives will now have to trade on open platforms. Read more

“While exchanges have a responsibility to provide fair and equal access to all market participants without violating public interest responsibility, they are dependent on a responsible financial ecosystem of lawyers, consultants, advisers, accountants, and managers of listed companies to avoid fraud by listed companies,” TMX Group CEO Thomas Kloet said recently at a program on “The Future of Exchanges.” Read more

Vincent Papa, CFA, director of financial reporting policy at CFA Institute, discusses the need for better disclosures to improve transparency for investors, based on a recent CFA Institute study. Read more